Libertex Review 2021 – Platform, Fees, Safety, Pros and Cons

Libertex is a powerful online trading app designed to boost your trading experience. Regardless of you being a beginner or a pro trader, Libertex has the perfect tools to help you trade more than 250 instruments.

Trading of indices, cryptocurrencies, stocks, commodities, currency pairs and other instruments is just a tap or click away. Once in your hand – Libertex becomes what you need it to be, in order for you to reach your goals. They help people get more from life by trading. And that is why the company’s slogan is – Trade for More!

What is Libertex?

Established in 1997, Libertex is an online Forex and CFD broker regulated by CySEC and FSC. The online broker is a multinational brand which was one of the first retail forex brokers in the online brokerage industry and claims to have 2.2M clients worldwide and a staff of 700 employees.

The online broker provides CFD trading services in multiple markets and products including forex, stocks, cryptocurrencies, commodities, ETFs, and indices.

Libertex is part of the Forex Club Group, which is based in Limassol, Cyprus.

Tradable Securities

Librtex offers a strong selection of around 200 financial products categorized into markets and sub-markets:

• Forex – Major, minor, crosses, exotics  
• Stocks (shares) – Medical cannabis, automobile industries, consumer good, consumer services, healthcare, finance, energy, industrials, luxury, telecommunications, technologies, materials, and potential trading assets.

• Metals – Gold, silver, palladium, platinum, and copper.

• Indices – 15 global indices from different regions across the globe: North America, Europe, Asia, the Middle East, and South America. 
• Cryptocurrencies – A selection of 40 crypt coins pairs including Bitcoin, Bitcoin Cash, Ethereum, Litecoin, and Ripple.
• Agriculture – Corn, wheat, soybean, coffee, sugar, and cocoa.
• Oil and gas – Brent crude oil, light sweet crude oil, natural gas, WTI crude oil, and heating oil.
• Exchange-Traded Funds (ETFs) – A selection of 10 ETFs.

Special Features

Libertex is a well known forex broker that has been in operation since 1997 and offers some useful trading features. These include:

Promotions

The broker offers a 100% welcome bonus for users that subscribe to the Libertex financial platform. You can find all the necessary details in this page.

Minimum Deposit Requirement

Libertex maintains a general minimum deposit requirement of 10 EUR if you choose to fund your account with a credit card or your Skrill e-wallet. The maximum deposit allowed by Libertex is $5000. 

This is a big plus as it means first-time traders with lower budgets can still join Libertex. Most other brokers have much higher minimum deposits.

The deposit requirement for the Professional account is over €500,000.

Supported Countries

Libertex states on their website to serve 2.2 million clients from more than 110 countries. We recommend our readers to check Libertex legal authorization in your area before you open a trading account.

Bear in mind that the broker does not accept clients from the following countries: United States, European Union, Japan, Afghanistan, Azerbaijan, Bosnia and Herzegovina, Brazil, Guyana, Iraq, Lao PDR, Yemen, Vanuatu, Uganda, Quebec of Canada, Syria, Ethiopia, Sri Lanka, Trinidad and Tobago, Tunisia, Iran, and North Korea.

Languages Supported

Libertex’s website is available in the following languages: English, Spanish, Malay, Portuguese, Russian, Thai, and Chinese (simplifies and traditional). The Libertex in-house trading platform is available in English, Spanish,  German, Indonesian, Malay, Portuguese, Russian, Thai, and Chinese (simplifies and traditional).

Trading Platforms

Libertex offers a selection of two trading platforms: The in-house Libertex web-based platform, the mobile application platform, and the popular Meta Trader 4.

Libertex In-House Trading Platform

Libertex provides easy access to the in-house web-based trading platform that requires one click on the Log-in’ button and a simple registration process. The platform is easy to use and is ideal for both beginners and more experienced traders.

The news section can be beneficial as well as the instruments menu that includes the top rising and top falling instruments on the day.

The Libertex in-house trading platform is also available as a mobile application on the App Store and Google Play. The mobile application is easy-to-use, however, note that the broker method of execution of orders is based on the market maker model, which has a slightly more expensive cost structure.

Meta Trader 4

In addition to the in-house trading platform, Libertex offers the popular MetaTrader4. Though the platform was launched in 2005, it remains one of the most popular forex and CFD trading platforms with 100 effective trading tools, over 80 technical analysis indicators, and the ability to automate your trading.

Fees, Commissions and Spreads

Libertex is one of the cheapest brokers available in 2021. Unlike practically every other broker in the space, Liberetx offers zero spread for both retail clients and professional clients.

Here are the fees charged by this CFD broker:

• Transaction fee – Taken once the trade has been opened.
• Withdrawal fee – The broker charges a withdrawal fee which varies based on your withdrawal method.
• Inactivity fee – Libertex charges a fee for inactive accounts for 180 days with a balance of less than $10,000.
• Rollover/overnight fees – Rollover fee is taken at the end of a trading day at 9 pm GMT as an interest, which may be either positive or negative. Take note that for CFD instruments, the rollover will be triple when rolling over a position from Friday to Monday.

Libertex Payments and Withdrawals

Libertex minimum deposit requirement for a real live trading account is 10 EUR. The minimum withdrawal amount is the same as the deposit amount of 10 EUR and the maximum withdrawal amount is 10,000 EUR through a bank card (Visa only). Take note that the broker charges a withdrawal fee for most withdrawal methods. 

Listed below are the withdrawal options of Libertex:

Withdrawal method	Currency available for a transfer	Commission	Transfer time	Minimum amount	Maximum amount
Bank transfer**	EUR	0.5% min 2 EUR, max 10 EUR	From 2 to 5 working days	no	no
Skrill	EUR	no	instantly*	10 EUR	2 500 EUR
Bank card (Visa only)	EUR	1 EUR	3-5 working days	10 EUR	10 000 EUR
Neteller	EUR	1%	instantly*	10 EUR	2 500 EUR

Libertex offers the following payment methods:

Deposits

• Credit/debit card
• Skrill eWallet
• Sofort
• SEPA/International bank wire
• Neteller
• Giropay
• Trustly
• iDeal
• Multibanco
• Rapid Transfer

Withdrawals

• Credit/debit card
• Skrill eWallet
• SEPA/International bank wire
• Neteller

How to withdraw funds

Follow these steps to withdraw your funds from Libertex

1. Log in to Liberetx web platform or the mobile application
2. In the web trading platform, go to Withdraw section. On the mobile platform, select Wallet > Withdraw Funds
3. Enter the amount you wish to withdraw

Note that Libertex charges a withdrawal fee for withdrawals via bank transfer, bank card, and Neteller.

Account Types

Libertex only has one account type. There is, however, a possibility to have a professional account, which grants you access to higher leverage of 1:600. Rather, the broker offers a real live trading account, professional trading account, and a demo account. The requirements for a trader to open a professional account are:

• Sufficient trading activity in the last 12 months
• Relevant experience in the financial services sector
• Financial instrument portfolio of over €500,000¹ (including cash savings and financial instruments)

How to Sign Up on Libertex

Libertex sign up is straightforward and can be done in a short time. First, check if you are eligible to open an account with Libertex.

To create a new online trading account, follow the next steps:

1. First, go to Liberetx’s website and click the Login on the top right side of the home page.
2. Now, click on the sign-up button on the registration window.
3. Choose your country and fill in your email address and password.
4. Fund your account through one of the deposit methods offered by Libertex.

How to Configure Your Trading Account

Once you are done with the signup process, it’s time to set up the trading platform based on your preferences. As we mentioned before, the platform is not customizable so you don’t have a lot of features to add on. First, we recommend changing the default chart template. Note that you cannot add technical analysis indicators unless you click the ‘full screen’ button. Change the chart style to candlestick to get a better visual of the chart.

In order to open a position, you need to hover on a specific instrument on the watch list window and click the ‘open trade position’ button. Choose the amount and the leverage ratio (multiplier) and click buy/sell.

Regulation and Safety of Funds

LIBERTEX is a trading platform used by Indication Investments Ltd. a Cyprus Investment Firm which is regulated and supervised by the Cyprus Securities and Exchange Commission (CySEC) with CIF Licence number 164/12.

Risk Warning: Trading leveraged products such as CFDs involves substantial risk of loss and may not be suitable for all investors. 83% of retail investor accounts lose money when trading CFDs with this provider. Trading such products is risky and you may lose all of your invested capital.

Education, Research and Data

If Libertex succeeds in one area mainly, it is the sector of education, news, research, and data. The broker maintains an informative blog on its website about forex, trading, and cryptocurrencies. There’s also an education section that contains 29 trading lessons including detailed videos. The video course is available on the company’s website and on the in-house trading platform under the ‘All Products’ tab – video course.

Moreover, the broker offers a breaking financial news feed which is available on the website as well as on the Libertex in-house trading platform.

Customer Service

he broker provides multiple customer support channels that include support via phone, email, submit a ticket, live chat, WhatsApp, and Facebook Messenger. The broker also provides an FAQ section on its website on the following topics: banking, verification, trading conditions, trading platforms and terminals, and trading transactions.

Final Thoughts

Libertex is a well-known forex and CFD broker regulated by CySEC and FSC which operates in the industry since 1997. The broker has gained recognition all over the industry including 30 international awards. With zero spreads and excellent educational resources, Libertex has plenty going for it.

Want to try Libertex for yourself? Simply click the link below to sign up today!

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